Town Centre Mixed Commercial & Residential Investment Opportunity

Shepperton Green Lane freehold near Shepperton Station and High Street


An exceptional investment and development opportunity in Shepperton Town Centre.

6 shops let and producing £133,000 pa
2 shops + former bank (triple unit) — vacant £105,000 pa - ERV
Total commercial Estimated Rental Value £238,000 pa
  • Site area 31,500 ft2
  • Freehold
26 flats — 14 let on Assured Shorthold Tenancies £210,300 pa
12 flats vacant awaiting refurbishment £207,600 pa – ERV
Total residential Estimated Rental Value £417,900 pa
Overall potential income £655,900 pa
  • PLUS — potential for 13 extra flats on roof and rear
  • Rear car park (30 spaces) — 10 currently let = £6000 pa
  • 20 parking spaces available to rent @ £1,000 pa each
  • Freehold in same ownership for 60 years
  • VAT is not applicable
  • Freehold for sale by private treaty — unconditional offers sought
  • Full vacant possession is available as all the residential is let on Assured Shorthold Tenancies

Property Details

The property is located on the main junction of High Street with Green Lane and Laleham Road and Old Charlton Road with the Car Park being accessed via Thurlstone Close. There is a service road/parking area between the High Street and the built frontages which gives pedestrian access to the front of the 6 Green Lane building and their waste bin areas. Shepperton mainline rail terminus is immediately opposite off Green Lane. The property has a frontage to Green Lane and to High Street with a return frontage onto Thurlestone Close on the south side.

Map of property opposite Shepperton Station on the corner between Shepperton Green Lane and High Street

There are four elements to the investment:


This section comprises 7 shops of which 4 are single units (2-8 High Street) plus a former NatWest Bank (10-14 High Street) together with an office extension at the rear forming part of the former bank There are self-contained flats on the first and second floors, plus one office suite (lease expires on March 22nd, 2023). The flats consist of 5 x 1 bed units and 6 x 2 bed units, making 12 in total in this wing. Some are holding over on AST’s. These flats are awaiting modernisation.


This central section, known as 2-4 Green Lane, provides 4 modern lock up shops on the ground floor, together with 8 flats on the 1st and 2nd floors (2 x 2 bed and 6 x 1 bed). The flats are all let on Assured Shorthold Tenancies.


This is a recently completed block of 6 flats completed in 2019 comprising 2 x 2 bed and 4 x 1 bed) on ground and 2 upper floors. The flats are all let on Assured Shorthold Tenancies.


Consent was granted by Spelthome Borough Council in October 2019 under ref: 19/01069/FUL for a proposed extension of the existing building to include a 3 storey extension at the rear of 8-14 High Street together with an additional 3rd storey. This provided for an additional 13 flats. The consent expired in October 2022 although our clients have received advice the additional storey may be granted under Permitted Development Rights.


The block is located within the settlement boundary and is identified as mixed retail and residential, however interested parties should make their own enquiries at:

Spelthorne Borough Council
Telephone: 01784 451499
Address: Spelthorne Borough Council, Knowle Green, Staines, TW18 1XB


The Freehold Interest is offered subject to all the existing Commercial and Residential Tenancies.


The site extends to 31,500 ft2.


There is a data room available for interested parties to download a legal pack.

For more information, please Contact Us